If the government does not intervene in the market for college education and there is no external benefit, the equilibrium tuition would be $13,000.
<h3>What is the equilibrium tuition price?</h3>
There is no external benefit and the government does not intervene in the market.
This means that prices will be set by the demand and supply curves.
The price at the point where (S = MC) and ( D = MB) intersect is $13,000 so this is the equilibrium tuition cost of a college education price.
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The correct answer to this
is:
“Information Overload”
<span>Maria has becoming aware
that there is a lot of things going on with Miguel. Miguel has been exposed to
too much information that he is now having difficulty of understanding Maria.</span>
Answer: The following statement is correct:<u><em> The dead-weight loss of the tax is $12.50.</em></u>
We can compute Dead-weight loss as :
Dead-weight loss = × [Quantity before tax - Quantity after tax]×[ - ]
∵ Tax revenue= Tax × Quantity after tax
⇒ Quantity after tax =
⇒Quantity after tax = 950
∴ Dead-weight loss =
⇒ Dead-weight loss = 12.50
<u><em></em></u>
<u><em>Therefore the correct option is (d)</em></u>
Answer:
The correct answer is letter "D": prepared according to management needs.
Explanation:
Managerial accounting reports are the principal tool top executives use to make their decisions. Thanks to accounting reports managers can check what the costs of production are and how profitable the operations of the firm have been in terms of expenditure. These reports also help managers to find out what aspects of the company should be improved to maximize productivity and efficiency.
<em>Most managerial accounting reports are tailored to the executives' demands.</em>
Answer: technological discovery; economic dislocation
Explanation:
In the scenario described, Karen had spotted an entrepreneurial opportunity that was created by the new extraction technique, or a technological discovery. When there's a technological discovery, there will be new opportunities for people.
The technological discovery created an oil boom or an economic dislocation. When there's a change in economic conditions as a result of displacement of some workers, we say the affected people have been dislocated from the affected economy, in terms of employment.